Tourism is a major source of income for many countries and has experienced continued growth over decades to become one of the fastest growing economic sectors. It accounts for 30% of the world's trade of services and 6% of overall exports. Tourism benefits sectors like transportation, hospitality, and entertainment by creating opportunities for employment. It was recognized in 1980 as an activity essential to life for many nations due to its effects on social, cultural, economic and international relations. International tourist arrivals grew from over 996 million in 2011 to 1.035 billion in 2012, recovering after declines during the recession.